Which of the following statements are true about Herbert A Simon's decision-making process?
1. Decision-making process involves intelligence, design and choice activities.
2. Decision-making involves choice between alternative plans of action.
3. Bounded rationality has no significance in decision-making process.
4. Satisficing model brings about a balance between individual and organisational value judgement in decision-making process.

A. Both 1 and 2 are true

B. Both 1 and 4 are true

C. 1, 2 and 3 are true

D. 1, 2 and 4 are true

Answer: Option D